The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-05-29

cries may increase the profits" he said. 1t
was explained that not all the mills pro
duced the marketable oil Some produced
it merely in the crude state, and it was then
sent to such refineries as seemed advisable.
1t appears that a great deal of refining is
done in Chicago and that an enormous
amount OF Oil Is used here by men whose
actions frequently affect the provision
market The Chicago demand is one of the
sources of strength of the Trust
Another question was asked: care not
planters grumbling! You dictate, of course,
the price to be paid for cotton seed. Is it as
high as before the Trust existed! What is
the price paid now.
about 50 a ton"
SIS that as much as was formerly paidF'
Competition sometimes made a higher
price. Oftener the planter got less for his
seed than now. There were middlemen who
made the profits. Now the middlemen are
about done away with. They, not the plant
ers, benefited by the higher prices"
Suppose you get control of two mills
competing with each other in the same 10
caiity, what do you dor
'One of the mills is closed"
What becomes of the othern
well, we can use the machinery wher-
ever it is needed"
You must have great deal of machin-
cry on hand
Mr. Urquhart said emphatically that the
machinery in present use or rather ready for
use IN the various mills was sufficient to
crush all the cotton seed purchasable in the
United States, operating but six months in
the year
Further conversation gave some idea of
the Trusts enormous business. It appears
that OF the cotton adhering to the seeds and
separated by machinery the company this
year will put up about 10000 bales Not
TONS of oil hf
manufactured, and, from 100000 tons of
seed bought, about 100000 barrels of oil will
be produced. The agents of the Trust in
Liverpool practically control the foreign
market. Mr. Urquhart talked of a trip he
made recently to study the situation abroad.
He took with him a supply of American
cotton seed and had it ground in British
mills The mills did not do the work as
well as do mills on this side, being better
adapted to crushing the Egyptian cotton
seed, which, unlike the American seed, is
free from lint. The British mills do not run
upon cotton seed exclusively, but crush lin
seed, mustard, and other oil producing ce-
reals in the dull season.
Subsequent to the interview above de-
scrlbed a visit was made to the mill of the
Arkansaw Oil and Compress Company at
Texarkana, Ark The mill was idle and a
small army OF men were at work upon its
machinery, getting everything in order for
the fall. The manager said that work would
be fairly inauguRated in October. The sup
ply of seed for this mill comes largely from
Texas and is sufficient to keep it running
but half the year. A former stockholder in
the Arkansaw Oil and Compress Company
was found. He said he had sold out entirely
He feared that a small stakeholder would be
squeezed out" somehow by the big concern.
He was asked about the price paid for
cotton seed He said it had been higher
than now, but said also that middlemen for
merly got part of the money. Now the
price was at least more regular.
The telegraph has called attention to the
organization of rival to the Trust Wash
ington Butchers Sons, of Philadelphia the
divers and others have formed a company
with $5,000,000 or $4,000 900 capital The
cash capital of the new company was esti-
mated by men in the Southwest who seemed
to know something about it at 81 500, 900 to
So, 600, 900. This would not allow the cree
ton of more than half dozen big mills
with working capital A number of Texas
planters seen said they were prepared to sell
more cheaply to the new company than to
the one already existing, simply to help it
grow into strong concern. They wanted
competition in the seed market They
thought, though, that it would be hard
work breaking up the Trusts monopoly.